July 2, 2020
We are experiencing a roller coaster market in Don Mills and I’m sure in other parts of Toronto as well. From continuing to taper pricewise at the end of 2019 and still being slow in January 2020, to start picking up steam in February, coming to a screeching halt around mid-March and then again picking up steam in May and almost going bonkers now.
Presently the market seems to be very hot in Don Mills. Many homes are selling for good prices and quickly. Multiple offers are not uncommon anymore. Prices are going up.
Available and Sold in Banbury-Don Mills & Parkwoods-Donalda (Jun 01 – Jun 30, 2020)
| TYPE | AVL | SOLD |
| Detached | 61 | 14 |
| Semi-Detached | 2 | 5 |
| Freehold T.H. | 2 | 1 |
| Condo T.H. | 1 | 3 |
| Condo Apt. | 48 | 24 |
It seems like COVID-19 is not only controlling our lives as to what we can and cannot do, but definitely also the real estate market.
As I may have mentioned before, this is a perfect time for sellers that have been on the fence to sell and pull out. Time will tell how big or small this happy window for the homeowners will be.
We could land up with a very busy July and August and part of September. Prices could continue to go up.
Many still seem concerned about the fall market regardless of the virus situation. So am I.
As always, please feel free to call me anytime for a confidential and no-obligation chat.
Ecko Jay
Broker of Record / Owner
Ecko Jay Realty Ltd
Ph: 416-445-8858
eckojay@eckojay.com | www.eckojay.com